Adalbert Krieger Vasena facts for kids
Adalbert Krieger Vasena (born 1920 in Buenos Aires – died 15 June 2001) was an important Argentine economist. He served as the Minister of Economy for Argentina two times. His first term was from 1957 to 1958, during the military rule of Pedro Aramburu. His second term was from 1966 to 1969, under the military government of Juan Carlos Ongania.
Adalbert Krieger Vasena was the grandson of Pedro Vasena. Pedro was an Italian blacksmith and businessman who moved to Argentina in the late 1800s. By the early 1900s, the Vasena family owned the biggest steel company in Argentina.
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Adalbert Krieger Vasena: Economy Minister
As Minister of Economy, Adalbert Krieger Vasena made several big changes. He ordered a freeze on wages, meaning salaries could not increase. He also made the Argentine currency worth less compared to other currencies. This is called a devaluation.
Changes to the Economy
These changes made the economy weaker, especially for farmers. They also made it easier for foreign businesses to invest in Argentina. Vasena stopped agreements that protected workers' rights to negotiate their pay and conditions. These agreements are known as collective labor conventions.
New Laws and Rules
He also changed a law about oil. This law had given the state-owned oil company, Yacimientos Petrolíferos Fiscales (YPF), a special position. Vasena's changes made it easier for other companies to operate. He also passed a law that made it simpler for landlords to remove tenants who did not pay their rent.
Finally, the right for workers to go on strike was stopped by a new law (Law 16,936). Other laws were also passed that changed earlier rules that helped workers. For example, some laws reduced the age at which people could retire.
See also
In Spanish: Adalbert Krieger Vasena para niños
